Nov 26, 2012 4:00pm PST
city mayor is asking washington for $9.8 billion to help pay for damage from super storm sandy saying insurance will only pay for $9 billion of the $19 kbrinl sandy did to the city. the storm killed 40 residents, left 10,000 homeless. bloomberg says he expects feds to antiy up. >> i believe that we're going to win. i still think we're going to get that stadium on the west side.%fyqt i'm an optimist. >> new york governor kuomo is asking washington for $42 chris christie is seeking $30 william. total is still less than $146 billion washington provided after hurricane katrina. >> up next, nasa announces it's longest space flight and american astronauts that will take part in the mission. >> giants will get a record bonus every player is paid, including suspended slugger melky cabrerra. >> michael finney q and a just head. i'll answer your questions here a little later. >> enjoy sun while you can. we have dense fog followed by stormy weather. we'll take a look at storms coming up. >> taking a look at traffic on the san mateo bridge. headlights are heading towards hayward and points east.
Nov 26, 2012 4:30pm PST
at columbia university. >> susie: new damage estimates today on super storm sandy. the insurance industry will be on the hook for as much as $22 billion, according to numbers compiled by disaster-modeling firm air worldwide. the total is three billion less than the original tally, issued just after hurricane sandy made landfall in late october. >> tom: it was back to work for wall street, with the major stock indices ending mixed. the selling was stronger earlier in the day, with the s&p 500 hitting its lowest level of the session before noon eastern time. the losses were reduced in afternoon trade with the index finishing down just 0.2%. trading volume remains modest. 630 million shares on the big board. a tad over 1.6 billion on the nasdaq. the selling pressure showed up in the telecommunication sector, falling 1%. the energy and consumer staples sectors also fell. with so much focus on consumers and spending over the weekend, grocery stocks led the consumer sector lower today. super markets safeway and whole foods were down 3.2% and 3.1% respectively. kraft foods fell 2.1%. kraft trade
Nov 27, 2012 6:00am EST
york and new jersey need at least $71.3 billion to recover from the devastation of super storm sandy and prevent similar damage from future storms. this is according to the state's latest estimates. that total of course could grow. steve liesman has been crunching the newspaperup i numbers and hn the next hour. this is to try to build up some sort of protection, some massive floodwalls. governor cuomo was saying this would be like $9.1 billion to start building. >> questions about the future of the sec following mary shapiro's exit. elyse walter could run the agent until december 2013 when she would have to be renominated and reapproved by the senate. among the issues, and ongoing battle over regulating the $2.5 trillion money market fund industry, some 63 unfinished rule making requirements that are all part of dodd-frank and continuing fears of course about market stability and high frequency trading. p. >> money markets used to be covered by the fdic when the crisis first came on. >> and also worth pointing out, there was one failure of mary sha piro's time in office, shall was th